Cost of Living: Albany, OR vs Charlotte, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Albany | Charlotte |
|---|---|---|
| Housing Index | 98.0 | 110.0 |
| Median Home Price | $315,000 | $364,000 |
| Average Rent (2 BR Apartment) | $1400 | $1600 |
| Average Rent (2 BR House) | $1440 | $1640 |
Housing Comparison: Albany vs Charlotte
- The median home price in Charlotte is higher at $364,000, compared to $315,000 in Albany.
- In Charlotte, the rental for a two-bedroom apartment stands at $1,600, while it is $1,400 in Albany.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Albany | Charlotte |
|---|---|---|
| Electricity Price | $15.12 | $13.72 |
| Natural Gas Price | $16.5 | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Albany vs Charlotte
- Electricity costs are higher in Albany at $15.12 per kWh, compared to $13.72 in Charlotte.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Albany and Charlotte averaging $250.